# Argentina's economic crisis whack-a-mole goes into overdrive | Reuters

> Reuters reports Argentina faces mounting economic strain, including global recession fears, rising inflation, record-low bond prices, peso pressure, and a high energy import bill that is limiting dollar reserve build-up. Concerns also include possible defaults and missed IMF targets.

- Date: 2022-06-28 · published 2022-06-28T12:00:00.000Z
- Category: macro · region Argentina · magnitude medium
- Page: https://feedsoft.ai/events/41227-argentina-s-economic-crisis-whack-a-mole-goes-into-overdrive-reuters
- Commodities: [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Corn](https://feedsoft.ai/c/CORN.md), [Wheat (SRW)](https://feedsoft.ai/c/WHEAT.md), [Argentine Peso (ARS per USD)](https://feedsoft.ai/c/USDARS.md)

## Why it matters

Currency and reserve stress in a major soybean, corn and wheat exporter can slow farm selling or encourage faster sales at lower prices, which pressures world feed grain and meal values.

## Read by commodity

- SBM: bearish ▼
- CORN: bearish ▼
- WHEAT: bearish ▼
- USDARS: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBM | 2018-08-30 | [Argentina crisis: Peso crashes to record low amid IMF plea](https://feedsoft.ai/events/63822-argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.md) | +2.9% | +2.0% |
| SBM | 2018-06-28 | [How a Rising U.S. Dollar Puts Argentina's and Brazil's Economies at Risk](https://feedsoft.ai/events/64805-how-a-rising-u-s-dollar-puts-argentina-s-and-brazil-s-economies-at-risk.md) | -1.7% | -0.4% |
| SBM | 2023-03-31 | [IMF unlocks $5.4 bln in funds to Argentina, boosting reserves \| Reuters](https://feedsoft.ai/events/37161-imf-unlocks-5-4-bln-in-funds-to-argentina-boosting-reserves-reuters.md) | -0.7% | -3.8% |
| SBM | 2023-10-10 | [Argentina's beleaguered peso sinks to new low as election looms \| Reuters](https://feedsoft.ai/events/33934-argentina-s-beleaguered-peso-sinks-to-new-low-as-election-looms-reuters.md) | +4.8% | +18.2% |
| SBM | 2025-02-04 | [Analysts lower Mexico's 2025 economic growth forecast, see weaker peso \| Reuters](https://feedsoft.ai/events/26265-analysts-lower-mexico-s-2025-economic-growth-forecast-see-weaker-peso-reuters.md) | -1.0% | -4.0% |
| CORN | 2018-08-30 | [Argentina crisis: Peso crashes to record low amid IMF plea](https://feedsoft.ai/events/63822-argentina-crisis-peso-crashes-to-record-low-amid-imf-plea.md) | +2.0% | +4.0% |
| CORN | 2023-01-17 | [China's 2022 economic growth one of the worst on record, post-pandemic policy faces test \| Reuters](https://feedsoft.ai/events/37986-china-s-2022-economic-growth-one-of-the-worst-on-record-post-pandemic-policy.md) | -1.8% | +0.1% |
| CORN | 2018-08-31 | [Argentina peso sell off stops as investors await government plan](https://feedsoft.ai/events/63819-argentina-peso-sell-off-stops-as-investors-await-government-plan.md) | +2.5% | +4.3% |

## Sources

- reuters.com: https://www.reuters.com/business/argentinas-economic-crisis-whack-a-mole-goes-into-overdrive-2022-06-28/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.